Taos, New Mexico; Hotel to be Redevloped as a Timeshare Resort
|ORLANDO, Fla., Jan. 24, 2007 - Wyndham Vacation Ownership, the world's
largest vacation ownership company, today announced the acquisition of
the Fechin Inn in Taos, New Mexico from Taos Lodging Associates Limited
Partnerships. Terms of the deal were not disclosed.
The hotel, located near the historic Taos Plaza, will be developed as
a timeshare resort and will undergo renovations in the coming months. Once
complete, the resort will become the second New Mexico property in the
company's portfolio. Wyndham Vacation Ownership entered the New Mexico
market in the summer of 2006 by opening its first sales center in Albuquerque
and also recently acquired 22 units at the Riverside Lodge and Cabins in
Red River that will be converted into timeshare units.
Wyndham Vacation Ownership, a member of the Wyndham Worldwide family (NYSE: WYN), is the world's largest vacation ownership business as measured by the number of vacation ownership resorts, vacation ownership units and vacation ownership interests. Wyndham Vacation Ownership includes marketing and sales of vacation ownership interests, consumer financing in conjunction with the purchase of vacation ownership interests, property management services to property owners' associations and development and acquisition of vacation ownership resorts.
Through its three primary consumer brands, Wyndham Vacation Resorts, WorldMark by Wyndham and Trendwest South Pacific, Wyndham Vacation Ownership has developed or acquired over 140 vacation ownership resorts throughout North America and the South Pacific that represent more than 18,000 individual ownership units and more than 750,000 owners of vacation ownership and other real estate interests. Wyndham Vacation Ownership, headquartered in Orlando, Fla., is supported by more than 14,000 employees globally.
This press release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, conveying management's expectations as to the future based on plans, estimates and projections at the time the Company makes the statements.
Wyndham Vacation Ownership
|Also See:||The Sahd Family Complete Multi-Million Dollar Renovation of Taos' Oldest Hotel The La Fonda de Taos / April 2004|
|Kessler Enterprises Completes Acquisition of the El Monte Sagrado Living Resort and Spa, Taos, New Mexico; Plans to Add 48 New Guest Rooms / August 2006|